Iran's damned if it produces oil with no place to store it and damned if it turns off the wells and permanently damages them.

US President Donald Trump has claimed the regime is losing about $500 million a day as a result of the blockade.

Iran has fired at least 575 missiles at Israel, some carrying cluster munitions that break up into additional warheads before impact, and 765 unmanned aerial vehicles since Feb. 28.

By keeping a narrow economic lifeline open—such as continued oil exports—Washington may be attempting to prevent further escalation while preserving incentives for restraint within Iran’s political system.

The Asaluyeh complex, located in Bushehr province, is a critical hub for processing gas that feeds Iran’s power plants and fuel production.

The Islamic Revolutionary Guard Corps first sought to close the Strait of Hormuz, mining both it and the Gulf of Oman four decades ago.

The Iran crisis also prompted Asian governments and refiners to assess oil stockpiles and alternative shipping routes and supplies.

Data from analytics firms Kpler and Vortexa show that volumes of Azerbaijani oil reaching Israel from Turkey's Ceyhan terminal rose 31% from a year earlier to an average of 94,000 barrels per day, the largest flow since 2022.

'We are happy and proud that Energean has facilitated Israel joining the club of international oil exporters,' says the company’s CEO.

Operation is expected to reach full production in four to six months.

According to Syrian Social Nationalist Party spokesman Firas Al-Shoufi of Lebanon, Israel's offshore oil rigs should all be bombed.

European president Ursula von der Leyen struck a distinctly different tone in Israel's capital. What's driving this shift?

'Tens of billions of dollars' are waiting underground, Professor Eugene Kendall recently told the Knesset.

An Israeli partnership announced that an oil field they have been surveying north of the Dead Sea is estimated to hold seven million barrels of oil, worth NIS 1.2 billion ($321 million).

Saudi Arabia has plans to issue select visas to welcome tens of thousands of tourists a year as part of a sweeping national reform plan aimed at showcasing the country's rich heritage.

Iran is reaping the fruits of the nuclear deal. The question remains - will they will use the proceeds for the betterment of their country or for terrorism and weapons development?

Israel has imported around 75 percent of its oil in recent months from the semi-autonomous Kurdish region of northern Iraq. By doing so, it offers a vital source of funds for the Kurds in order to fight Islamic State.